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and be ready to go against the grover norquist pledge. more bill press after the break. stay with us. you're about to watch an viewer created ad message for little caesars who proudly salutes united states veterans everywhere. >> clarksville is a small town on the tennesse/kentucky boader and it is a really great place to raise a family. my name is lloyd allard i was a chief officer in the special forces, i was in the army for 23 years. i have made 1400 parachute jumps. well, my experience in the military was varied. i spent a lot of time in iraq, a lot of time in kuwait. i did two tours in iraq and i decided it was time to do something different with my life. i saw little caesars as a way to give something back to my family. the little caesars veterans program provides financial support and equipment when you open your store. the little caesars veterans program give me a sense of ownership and pride in my business because i am the owner of this business. as a former military person i did not have the business experience and little caesars provided the training and support along the way t
grover norquist warns republicans against breaking their promise. >> it is possible if the republicans lose in such a way they've got their fingerprints on the murder weapon, then you have a problem. bush couldn't run again in '92 successfully because he had his fingerprints on a very bad deal, bad on spending and bad on taxes and he broke his word. >> what is alan simpson's message to grover? we'll ask him in a few minutes. >> how do you deal with guys who came to stop government or grover wandering the earth in his white robe saying he wants to drown government in the bathtub. i hope he slips in there with it. >> susan rice back for more on capitol hill with failing to persuade more republican senators. >> i would need to have additional information before i could support her nomination. i think it will be premature for me to reach that judgment now. >> i would just ask the president to step back. >> senate republican kelly ayotte, who has threatened to block a rice nomination, joins us ahead. and powerball fever sweeping the nation. the jackpot now jumps to $500 million. the second
country first. remember that, mccain? >> bill: now it is grover norquist. >> it is more than a slogan. grover norquist seems to take precedent. patty says also in the chat room, the republicans remind me of a boyfriend that you leave because he was a jerk and then he does every jerk thing possible because you denied him. >> bill: that sounds like lindsey graham to me. by the way i thought jay carney had a great point on this why isn't the president meeting with these republicans? why is he wasting time talking to real people? jay carney said let him say it. >> only inside the beltway do people think that -- sitting in a room for photo spray will solve necessarily problems. the work has to be done and that work is being done. >> bill: yeah, right. sitting around with the photo spray, the journalists -- the reporter's short hand for letting the cameras come in and get a picture of everyone and think that accomplishes something, it doesn't. it is a waste of time. any time spent with john boehner and eric cantor and
the road to tout his tax plan. i will speak with lobbyist grover norquist and senator dick durbin about what hangs in the balance next. >>> a small town governor stood up to violence and vowed to keep fighting, but now her dead body has been found. her story when "ac 360" continues. >>> if you department get enough of campaign 2012, stay tuned. we learn that the president will push plan to raise taxes on income above a quarter million dollars a year. he'll be speaking friday at a factory in pennsylvania. some republicans are hinting to limiting deductions even if it means breaking the pledge that the lobbyist grover norquist has been lobbying against for years. joining us now to talk about it all, grover norquist, president of americans for tax reform. grover, thanks very much for coming in. >> good to be with you. >> the trend we're seeing now from members of congress questioning or pushing back on the pledge. we've seen it before to a certain degree, but we're seeing a lot more of it i sense right now. there's a sense this movement is gaining some steam. is this just more of the same,
. this pledge, this grover norquist pledge, how important is it to the republican party? >> i think it's very important. >> do you think it's important for people who signed the pledge to keep it? >> i think it's important to remember the problem we have which is a spending problem and, frankly, i think we look at it in terms of any family. if your family is going into debt, the first thing you do is say, hey, dad, get a second is job and raise more revenue. you look at the family budget and say how do we cut? where do we get back? once that's done, we are still a little short to pay down the debt, how can we bring in more revenue? so i think before -- for a lot of these members of congress who have committed to saying the problem is spending, we need to reform our out-of-control entitlements, that's where the focus should be. >> the base of the democratic party going to allow the president some leeway on this? >> we need to have everything on the table. let's be clear. >> social security? >> s ocial security is not contributing to the current debt or the deficit. social security is something
for americans for tax reform and the zealot could be pumped. grover norquist himself on what appears to be a revolt on the right, half dozen republican senators would have disown add pledge that isn't feasible now including oklahoma senator coburn, arizona's john mccain, south carolina's graham, idaho's crapo, tennessee's alexander, and georgia's sam bliss. it is not that they have all become antipledge, more like, well, antisweeping pledge. particularly the party of that pledge that called for resisting any move to end any tax break. to hear georgia's chambliss, too rigid, too inflexible, noting times have changed significantly, and i care more about my country than i do about a to-year-old pledge. if so, so what now? norquist in a second, to bob on republicans increasingly happy to make grover the grinch. what do we make of this? what is going on? >>guest: republicans lost the election. it was about tax policy. most republicans want to get a deal they have to give something up. they will want something in run so if they bend on taxes they will want an entitlement reform, so, that i
will speak with lobbyist grover norquist and senator dick durbin about what hangs in the balance next. mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms;
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of six couldn't get it done. how are the people going to get it done? we have grover norquist saying all the people allegedly are going to violate their pledge, only lindsey graham said yes, we'll violate it. the rest of them are waiting for democrats to come up. >> bob: is there a way to been a grover norquist's name from the show? >> why? >> dana: let me ask you about the road show. president obama goes out and talks about raising taxes on the rich. there is a cob stitch whensy in america says it's the right thing to do. boehner says if we had more re-knew we'll get in a different way. we think raising rates hurts the economy and we'll reduce the deductions to get the same place. but with president obama's road show he doesn't answer the question he brought up in 2010. what are you going to do about entitlements and how would you make it better? i don't think raising retirement age will solve the problem. >> brian: my head will explode. we keep saying we have to balance the budget. the math doesn't add up. number two, go in and roll up the shres and get it done behind closed doors. if
stream. we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the republicans and say, okay. why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not wanting to raise taxes. he personalizes it with me. lou: what about those folks like senator jo
to the grover norquist-created pledge not to raise taxes. but current economic reality is setting in and conservatives are starting to stray with conditions. here is south carolina senator lindsey graham. >> ly violate the pledge, long story short for the good of the country only if democrats will do entitlement reform. >> that's a whole nother conversation. on the issue of taxes warren buffett has written an op-ed in "the new york times" today renewing his stire to see taxes go up on people like him and him himself. in the op-ed he says people who make between a million and $10 million should see their taxable rate go up to 30% and those who make more than $10 million should be taxed at 35%. we'll be back after the break. see you on the other side. as i looked out across the battlefield at antietam. i saw the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary todd, found them so fetching. >>
up to the numbers you nid at this point. >> we've seen republicans break with grover norquist and put revenues on the table. on the other side of that, here's what a few democrats are saying about entitlements. >> i think people are dreaming if they think we're going to get a deal on entitlements in three weeks. that's just not going to happen. and i think it would be irresponsible to try to come up with any approach to entitlement reform in such a compressed period of time. >> yes or no, do you support raising the retirement age? >> no, i do not support raising the retirement age. >> is that likely to be a bigger sticking point than revenue? or do we not know yet? >> well, i think that's the critical question facing democrats here. are they going to cave and allow, you know, the new deal and the great society programs to be a part of this supposed grand bargain? or are they not? as of now, they are not part of the deal. this is about defense cuts, discretionary spending, and it's about tax cuts. only if the democrats agree to bring in the programs for the elderly and poor and middle
are willing to walk away from grover norquist on the tax pledge. >> it's breaking out all over. sanity is contagious. >> now, the question is, is the president going to stay where he is and go, you know what? we're going to do it my way or no other way? we're going to raise it to 90 -- to 39.6%. steve rattner had a great column yesterday. >> it's a must-read. >> you know there's more than one way to skin a cat, more than one way to raise over a trillion dollars in revenues. it doesn't just have to be the president's way. is the white house going to insist on the 39.6% tax rate, or will they consider the loophole part of it plus capital gains, plus a couple of other things? >> well, it looks to me like the white house has learned something over the course of the last four years which is that you don't start a negotiation by negotiating against yourself. >> right. >> you know, the president's taking a hard line right now because he feels as though he campaigned on this issue pretty strongly for the past year. but the president has been willing to compromise on a lot of things in the past
worked for john mccain. you hang out with eric cantor. grover norquist is your tomorrow. these are your pals. [laughter] >> i hang with an interesting bunch. >> first, is it fun? and secondly, am i wrong that we're in -- i agree with what a lot of what michael is trying to take us, but i, as a realist to use to work for richard nixon, look at the world as it is not as i hope it might be. i guess my question is to you, do you believe given the people you know that there's a chance for strategic response to these things as opposed to reactive response? because of their inability to get along with the guys in the white house, and gals? >> we just don't get along but that's been true for a long time so how do you get past that? we have to go back to a different kind of leadership, the kindly with ronald reagan, with bill clinton, where presidential leadership meant here's what america needs. i will send this bill, say to the congress. what that does for the congress is against them air cover. they can say we don't want to do this. the president -- >> maybe obama ought to make bill clinton t
's going to have to be some changes to entitlement reform. but grover norquist has been really the person pushing this no tax pledge, has been on our airwaves. he's been talking a lot about it. let's hear what he had to say about republicans who might break the pledge. >> no pledge taker has voted for a tax increase. they've had some people discussing impure thoughts on national television. the pledge is not for life. but everybody who signed the pledge, including peter king who tried to weasel out of it, shame on him as the new york sun said today, i hope his wife understands that commitments last a little longer than, than, than two years or something. >> and zoraida, there you have grover norquist -- >> weeks. >> -- of course, from the americans for tax reform throwing out some pretty strong political hyperbole. but the fact of the matter is, as you said, fiscal cliff, 35 days away, and as we've heard from a lot of economists, if congress can't fix this, then we're in a lot of trouble. we can be heading back into recession. >> mark preston live in washington, d.c. thank you for that. s
for tax reform, grover norquist. he is the person who got some members of congress to sign a pledge to not sign taxes. a number of republicans said they are willing to vote for a tax increase. this is just under an hour. >> thank you for coming out. two weeks in a row, thank you very much for coming out and we will have another one next wednesday and we appreciate you being here. grover norquist, president of americans for tax reform. people who are following us on twitter, just tweeted, we'll take your questions. we want to thank the bank of america for supporting these series. the forum is about issues that matter most in washington. last week, how the obama campaign won and today we will talk about very important issue for conservatives and republicans, the path forward for them and their party. we appreciate bank of america's partnership including at both of the conventions. and we are going to bring you into the conversation. you got cards. we would love to take your questions and also be getting questions as they call it on "morning joe"," the twitter machine. we would love to
. igor, is grover over? >> yeah, they're saying no to norquist. >> bill: some senators. >> to be fair, he makes this point, first of all nobody has voted for tax increase yet. and they haven't in a very long time. so he accused them of having impure thoughts on tv. those are his words not mine. but nobody has actually cast a vote. >> bill: a republican having impure thoughts? >> is that against the law? >> tony perkins is going to jump on this, too. so there's that. there is also -- these folks -- chambliss saxby chambliss were georgia, mccain, they flirted with this idea of increasing revenue in the past. this isn't too new for them. until we see actually policy proposals that differ from romney's plan of disclosing loopholes and finding revenue that way, we shouldn't be jumping to conclusions this is a big shift in republican thinking. >> bill: they haven't voted for anything. they haven't broken the pledge. we may be open to new revenue but never no, no, no way. will we raise tax rates on the wea
've sworn in in january. >> that is the sound of cracks forming in grover norquist's facade. he's the guy who gets republicans to sign a pledge that they will never ever under any circumstances raise taxes. but with the fiscal cliff looming, there's a growing consensus that taxes may have to go up. norquist said those who reneged would pay a price. >> would you target some of them? >> we would certainly highlight who has kept their commitment and who hasn't. >> fortunately for grover, but unfortunately for those who want everyone to contribute their fair share there are plenty of republicans caught in the pass, plenty who can't accept that president obama won reelection >> there are some republicans who recognize they did lose and that new revenue new tax revenue will have to be part of any deficit deal. i noticed mitch mcconnell's talked about tax rates. he's going to insist that tax rates not go any higher. you've got the mathematicians trying to raise the numbers. you can exact the rate throughout a person's entire income. they're looking for ways to finagle this. republicans are going
are telling grover norquist to take a hike with the "we won't raise taxes" pledge. >>reporter: the fine tuning is they are saying we are okay with close loopholes but they don't want to raise tax rates. the republicans are saying the survey done by a group calls the winston group, a republican research firm, says 65 percent of americans back tax reform and spending cuts over the raising of taxes. here is the senate republican leader on what the g.o.p. is offering. >> without compromising our principles we put skin in the game and recognition to the fact while democrats don't run this town, neither do we. we have been responsible even as we remain firm on this point. no tax increases now for promised spending cuts that you will not materialize later. the american people have seen that game before. they won't be fooled again. >> house republicans are planning to bring in on wednesday a number of c.e.o.'s of caterpillar, goldman sachs and all state and other key players on fiscal includes including erskine bowles co-author of the simpson-bowles and the republicans want the business community to h
. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fine. but ham stringing politicians and many people lost election over there and turns out times change. peter king is also saying he's going to go against the pledge who agreed to it years and years and his reasoning that times have changed. here is the caviat . you are a republican and don't want to raise taxes and willing to
their antitax pledge to some extent to make a deal on the fiscal cliff. we're going to talk to grover norquist the man behind the tax pledge, whether his tax agreement may be out of date. bill: watch this story now, central kaj re, tahrir square, thousands of protestors back inside that square setting up tents over night, condemning the recent power grab by its new president. something the white house so far has failed to do, so should they? we'll debate that with bob and andrea. >> to assume this kind of pow iris unacceptable to the united states of america. then we can outline what actions can be taken, but first condemn it. or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. bill: former florida governor jeb bush already generating a bit of buzz about 2016. he held a meeting with former staffers in washington right around the corner from the white house, and the governor would not comment on the possibility of a presidential run, instead saying he was there to catch up with folks
entitlement problem. >> grover norquist talks about -- to be fair, he put a lot of republicans in a tough spot. you have got lindsey graham and steve king saying we understand it's a different day. megyn: this is what charles krauthammer. he says you are doing the same thing president obama is doing, making the debate about republicans and grover norquist rather than the huge deficit spending and the debt. >> here it comes down to the spending. even if the republicans go okay, forget grover norquist. the democrat, obama, they are not doing their part, point made. >> we'll see, we are not there yet. megyn: ladies, thank you so much. coming up. we want to show you what happened in this elevator that took freedom this point -- to this point. we'll debate whether the pranksters behind this are about to wind up in legal trouble. we'll show you have the tape next in "kelly's court." but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare.
. >> if grover norquist on the right and entrenched radical democrats, are they forcing deals like this? ralcorp -- >> no. you know what they are forcing? special dividends. >> yes, they are. >> declaring special dividends ahead of possible tax increases related to the fiscal cliff. las vegas sands, the largest single donor in the history of politics, has approved a special dividend. $2.75 a share. retailer dillard's says it will pay a one-time dividend of $5 in december and the home of jack daniels a cash dividend of $4 a share. i don't know how large the dillard family is. these dividends are very important to some of these families. the walton family when walmart did it saved $180 million as a result if in fact we see dividend taxes go to 39.6 from where they currently are. family run companies. sheldon is a big shareholder in las vegas sands. you pay a dividend and you are avoiding potentially an increase in the tax bill as a result of paying it earlier. >> adelson loses in the election so he realizes rates are going higher so he pays a special -- >> i don't know what the numbers add up to.
, some top republicans suggest they could, shock, horror, break with their sacred pledge to grover norquist. >> i'm not obligated on the pledge i made tennesseans aware is just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have elected -- re-elected me, it is not about that pledge. it really is about trying to solve problems. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> sounds great, doesn't it? only one problem, this apparent kiss-off to the anti-tax guru appears to be pure lip service. as mr. norquist himself expressed this morning in somewhat colorful language. >> no pledge taker has voted for a tax increase. we've had some people discussing impure thoughts on national television. we would certainly highlight who h
people want. basically, the grover norquist pledge stuff it's just a load of [bleep] because they're making noises as if raising taxes on the rich is not and thank god, the white house is already calling them on it. but anyways think progress said voters rejected romney's tax plan and president obama won reelection. republican's expressed interest in raising ref too. you go they are disavowing the pledge and coming to the table and blah blah blah. their public concessions the kind of policy voters overwhelmingly rejected. how do you lose in a landslide and say how about mitt romney's plan. [ ♪ magic wand ♪ ] >> how about that. what do you think of that? that guy me. not president. >> tax reform that does not increase marge national tax rates on the richest americans but eliminates tax loopholes. paul ryan's budget, also the loser of the last election. on one hand, somebody wrote republicans would get the tax breaks they want, republicans would also get the entitlement changes they want. the party and media are presenting it as a big concession and urge democrats to back it. th
is of course this week you see more republicans saying we're not going to hold to this grover norquist idea, norquist being the man everybody who is a republican has to sign a no tax increase -- >> chris: they've already sign it had. >> this week you had saxby chambliss from georgia joining people like john mccain, tom coburn and others and 12 members of the house who say republicans have to be willing to -- we did not win the election. the president's back in office, you have to make a deal. the president needs to deal too. this sometimes doesn't get attention but you heard nancy pelosi, harry reid, they expect a deal along with charlie wrangle before the deadline because the unions are advertising say don't you dare cut our programs badly. you see it advertising from the republican side. both sides are under pressure for a deal now and they're going to make it. >> chris: that's an optimistic view. bill, let me ask you, you can respond to sister chaney about this. one idea that was floated this week is for top earners to pay instead of raising the top are marginal rate they had pay that to
to get their own troops in line to make a deal, if they are going to pledge more allegiance to grover norquist than to
to make a deal, if they are going to pledge more allegiance to grover norquist than to the oath of office and we do have a downturnn
to grover norquist than to the oath of office and we do have a
republicans saying, you know, we will not hold to the grover norquist idea, the man who says that everybody who is a republican has to sign a "no tax increase" pledge. >> chris: in fact they've already signed it. >> in some cases but this week you had people like saxby chambliss, joining people like your guest this morning, john mccain, tom coburn and others and 12 members of the house, saying, republicans have to be willing to compromise. we did not win, clearly, this election, and the president is back in office, you have to make some kind of deal and so the president's side, he needs to deal, too. and sometimes it doesn't get attention from the press but you heard nancy pelosi and harry reid saying they expect a deal along with charlie rangel before the december 31 deadline and the unions are on the air saying, don't cut our programs badly and the republican side, both sides are under pressure for a deal, right now and they will make it. >> chris: well, that is an optimistic view. bill, let me ask you, you can respond to sister cheney about this. one idea floated this week is for top ear
the weekend we heard republican senators, as you alluded to, larry, breaking the so-called grover norquist pledge against raising taxes and white house press secretary jay carney reacted positively. >> some of the comments you mentioned are welcome, and they represent what we hope is a difference in tone and approach to these problems and a recognition that a balanced approach to deficit reduction is the right approach. it's the one that's most beneficial for our economy. >> reporter: larry, what i would say is tax increases does not necessarily, despite the rhetoric on both sides, and especially from democrats, does not necessarily have to mean increases in tax rates. it is possible, if you look at the estate tax, if you look at the treatment of dividends, capital gains and carried interest and take a look at loopholes and deductions to raise a significant amount of revenue from people at the top without changing the marginal rate, layery. >> very interesting. we're going to have senator tom coburn on that very subject later in the show. many thanks to john harwood coming from washington,
mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth. democrats say the middle class could be spared from a tax increase now. >> however as we continue to negotiate a responsible path forward i remind everyone within the sound of my voice of one fact. this congress is where one vote away from avoiding the fiscal cliff for middle class families and small businesses. >> republicans point to a study done by the winston group which is a republic research firm whic
entitlements, and republican congressman steve lottaret who is willing to break from grover norquist's tax pledge. he's also retiring at the end of this term. gentlemen, good to have both of you with us. mr. welch, i'll begin with you. i'm sure you've noticed, hopefully you've been watching cnbc and see all these pins that we are wearing that say "rise above" calling for you and your colleagues there to get something done on the fiscal cliff. why are you so unwilling to be able to do that? >> well, i am willing to do it. in fact, i work with steve, who you're going to hear from shortly, to advocate for a balanced deal. the real challenge here is practical. do we want to have a bad deal that beats the january 1 deadline, or are we willing to hold out for a more balanced deal, even if that requires us to go into january? >> does that include entitlements? does that mean reforming entitlemen entitlements, particularly medicare? >> absolutely. we have to have health care costs come under control. we can reform them. those of us who are strong supporters of medicare have to be advocates for sys
. politico and the discussion of the so-called fiscal cliff with grover norquist. and at 9:00 eastern on c-span 3, discussions on the 1990 budget deal featuring tom foaly and former white house chief of staff john sununu. and a hearing on amtrak operations at 10:00 a.m. eastern. witnesses include the president of amtrak and a representative of the united transportation union. >> washington worked his way up. went to harvard law school and at the urging of one of his brothers immigrated out west to virginia. he arrived after about a month's journey by ship, by stagecoach, by train and arrived in this -- on steamboat in this muddy, mining town, boarded himself in a log cabin. established a law practice in a log cabin and then slowly worked his way up and became a very successful lawyer and got involved politically, ran for congress, served for eight terms and then befriended abraham lincoln, obviously, from illinois. and grant, and as they were on the rise, washburn stated them as a close confidente during the war and after grant was elected president, he appointed washburn as secretary of s
that they signed with grover norquist. people skeptical about a deal say what really matters is the house. the house is not showing that same level of flexibility, call it whatever you want. is that fair? are republicans in the house -- you're from oklahoma. obviously a red state. are you as resolute as you have always been? >> i am. here's the issue. the tax rate has never been the solution. there's a couple things to keep in mind here. one is obama care taxes kick in january 1st. there are three aspects to that fiscal cliff. the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit in january based on the obama care taxes. why talk about a double tax rate increase? second thing to remember in 2007 we spent a trillion dollars less than we spent
grover norquist and a bleng pledge. i don't believe that is a driving force for house republicans. they don't think it's good in the economy to race taxes on those who create jobs. >> president obama said that in 2010 right after the mid term beating the busheir raw tax cuts were set to expire and he extended them. a financial expert taking on the president's plan and what it may do for this country. >> it is uncertainty in the short term. a worse scenario long-term than going over the cliff would be continuing on this path more spending more redistribution. it has to be fixed. kicking the can down the road as the saying goes. i think even if we got a resolution which didn't suit the republicans for example you would probably see some up tick in the economy. what we are seeing now is economic leaththargy. how can they look 30 years down the line when our own government can't even look a couple weeks. >> republicans say there needs to be structural reform to the entitlements. nance is he pelosi is saying what does that mean? >> move the age down. >> perhaps. but they haven't really
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